You are handing over your API keys to an unknown third party.
This means that they can steal from you.
You are entrusting not just the amount you choose to "follow" another trader with, but any and all balances on that exchange.
You are NOT safe just because "allow withdrawals" is off for the API.
By trading a low volume altcoin, they can zero your account just as easily.
They could sell you GarbageCoin for an incredibly high price. They get your good altcoins, and BTC, and you get some worthless token.
Not saying they ARE doing this. But they absolutely could.
Make sure you only invest what you are prepared to lose.
Additionally, we are based in Austria and act according to the Austrian and European law.
Of course, the product is trust-based like many other crypto products. You could basically say the same about all other crypto exchanges out there.
But thanks for the input! We will ensure that users feel even more safe using the platform and add additional information about the whole project if necessary.